secwatch.observer — SEC 8-K summary
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Issuer:     Axogen, Inc. (AXGN)
CIK:        0000805928
Form:       8-K
Filed at:   2025-05-08T23:59:59+00:00
Accession:  0000805928-25-000062
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Axogen Q1 revenue $48.6M (+17.4% YoY); appoints Lindsey Hartley as CFO
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- Q1 revenue $48.6M, up 17.4% YoY; net loss $3.8M ($0.08/share) vs $6.6M loss in Q1 2024.
- Adjusted net loss $0.9M ($0.02/share) vs $2.7M loss; adjusted EBITDA $2.9M vs $1.0M prior year.
- Gross margin 71.9% down from 78.8% due to product costs and inventory write-offs; cash $28.1M.
- CFO Nir Naor steps down May 11; Lindsey Hartley appointed effective May 12; salary $440k, target bonus 50%.
- FY guidance maintained: revenue growth 15-17%, gross margin 73-75%, net cash flow positive.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/805928/000080592825000062/0000805928-25-000062-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/805928/000080592825000062/axgn-20250508.htm
  HTML page:      https://secwatch.observer/filing/0000805928-25-000062

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer